Word: trended
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Dates: during 1950-1959
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...Peruvian and Ecuadorian purchases of Hunters, Meteors and Canberras are also signs of another trend: Britain is pulling ahead of the U.S. in the Latin American jet air-power market. One reason is that the U.S. government is slow to part with up-to-date jets. Another is that the British sell their jets cheaper and on longer credit...
...approximately $7 2 billion. Other facts and figures: ¶Last year U.S. churches spent half a billion dollars on new construction, with the Southern Baptists alone accounting for $130 million and the Congregational Christian Churches spending more than $20 million. ¶So far this year, the upward trend has continued. The Departments of Commerce and Labor announced last week that a new monthly record of $69 million in church building was set in August-$3,000,000 more than the previous record month, July. ¶Fund-raising for future building is going full force. Last year the Presbyterian Church U.S.A...
Actually, the merger trend is based on one hard economic fact: bankers, overconservative by nature, had fallen behind the economy both in growth and business methods, and they were hastily trying to catch...
...some politicos, who have always found bankers a popular target, the merger trend is cause for alarm. Cried Brooklyn Democrat Emanuel Celler, chairman of the House Judiciary Committee: "An alarming concentration of financial power in the hands of a few banks." Celler is busily pushing a bill to restrict mergers, and has lined up top Administration support behind it. Both Trustbuster Stanley N. Barnes, who has investigated some of the mergers, and Federal Reserve Board Chairman William McChesney Martin have come out in favor of the bill. While they feel that the mergers probably have not caused any lessening...
Although most bankers support the merger trend, they are aware of the theoretical dangers to competition. But few of them feel that competition is being hurt-yet. The indications are just the opposite; mergers have made more banks than ever capable of competing. Said Chase Manhattan's Chairman John J. McCloy before the House Antitrust Subcommittee: "Any attempt to hold banks in a static mold, impervious to the dynamic forces reshaping the rest of society, would be to render them less useful and gradually impotent...